Want to Purchase a Franchise
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 17% |
| Lender Rate: | 11% | Borrower: | Loving-Life |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-07-06 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Jul 06, 2007 | Current |
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Purpose of loan: I am looking to purchase a Franchise called Jani-King. This Franchise is a Commercial Cleaning Business that accounts are given to you by the franchise. I would be servicing that account and that is how I will be making additional income. The Plan that I would be purchasing would be averaging around $10,000 a month. My financial situation: I would be making around $10,000 a month from the franchise and I do have a very good income from my full-time job. I have always pride myself on my credit standing so I will continue on making my payments on time. I have always worked hard to succeed in life and with this new adventure of purchasing a Franchise I will work even hard to make this a success. I am a true believer of receiving and giving. I have also joined up to become a lender to help other people to succeed in their dreams. Along with my income I also receive $1000.00 from a room that I rent out of in my home to a close friend of mine. Monthly expenses: $ 5086 Housing: $ 3,500 Insurance: $ 102 Car expenses: $ 84 Utilities: $ 150 Phone, cable, internet: $100 Food, entertainment: $ 500 Clothing, household expenses $ 150 Credit cards and other loans: $ 500 Other expenses: $ 0 |
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